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hard money loan is a type of financing, as the name might suggest. However, it is a little different from the loans that you can think of when talking about financing. Generally, the borrower in hard money lending money is based on the value of a piece of commercial real estate
In most cases, a hard money loan is an interest rate much higher than the typical traditional commercial loans. In fact, it is often higher than any other loan including personal or residential loans that are available upon request.
This makes them more expensive to take and must give due attention to this fact before someone decided by a hard money loan. In addition, hard money loans usually come from any place except a commercial bank.

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Publicado por LeonardRosen @ 7:13 PM
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